Math in Daily Life : How to Calculate a Certificate of Deposit

Calculating a CD, or certificate of deposit, can be illustrated by the formula, A equals P times one plus R over 365, all of which is taken to the Nth power. Find out how much a certificate of deposit is worth with lessons from a math teacher in this free video on math calculations for daily life.

Expert: Jimmy Chang
Bio: Jimmy Chang has been a math teacher at St. Pete College for nearly a decade. He has a master's degree in math, and his specialties include calculus, algebra, liberal arts, math and trigonometry.
Filmmaker: Christopher Rokosz

[velvetclit]

Jimmy Chang rocks really makes Logical Math a clear thought process.

[JeffWithAnF]

Now this is what they should be teaching in High School!

[CMDROldDuck]

So is this why an APR of 5 percent is an APY of 5.12 percent?

[okaythen]

how come fed interest rate went up but not CD/savings account? what will make those go up?

[adrianaazlan]

How many days do we get if it ended at the end of 18 months?

[overrated]

He never said anything about the number 1 ???